Monster Index Dips in Europe

Monster Worldwide’s European Employment Index is down seven percent for January, but the company says this is part of an expected seasonal shift.

The dip comes after the number of online job openings remained steady in December. Monster argues that the seven percent dip is mild considering job opening numbers declined by 20 percent between December 2008 and January 2009.

According to the Index, the annual rate of contraction in the European online jobs market has shrunk in each successive month since September 2009. Last month, opportunities were down 12 percent compared to January 2009. “Together, these signs point to subtly improving conditions in 2010,” the company says.

“That the most recent decline in the Index was mild by seasonal standards does not come as much of a surprise, given that Europe’s largest economies have emerged out of recession and appear to be gearing towards recovery,” commented Andrea Bertone, head of Monster Europe. “But there is still a long way to go before we return to pre-recession levels of hiring activity. Long-term recruitment trends have turned positive in consumer-driven sectors like sales, but have yet to branch out into other areas of the economy.”

The Monster Index measures millions of online job opportunities from a large, representative selection of corporate career websites and job boards across Europe.

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